This is going to be a big one. Trump has been talking about all the benefits of tariffs and more to come. I don't think any judge will want to go against it and throw things into disarray again. But then who knows.
If this goes against Trump, then other countries will celebrate as they can continue looting America as they have been all these decades.
Supreme Court tariff ruling has Trump administration, US businesses bracing for impact
https://www.foxnews.com/politics/supreme-court-tariff-ruling-has-markets-us-businesses-bracing-impact
If this goes against Trump, then other countries will celebrate as they can continue looting America as they have been all these decades.
Supreme Court tariff ruling has Trump administration, US businesses bracing for impact
https://www.foxnews.com/politics/supreme-court-tariff-ruling-has-markets-us-businesses-bracing-impact
Quote:
The Supreme Court could rule as early as Friday on President Donald Trump's use of an emergency law to unilaterally impose sweeping tariffs on most U.S. trading partners, a closely watched case with major implications for businesses and the president himself.
At issue is the president's use of the International Emergency Economic Powers Act (IEEPA) to impose two sweeping sets of tariffs, including the 10% global tariffs and the higher, so-called "reciprocal" tariffs in early April.
Lower courts had ruled that Trump exceeded his authority in using IEEPA as a means of quickly enacting those import fees, prompting the Supreme Court to take up the case on an expedited basis last year. A decision is expected by June at the latest.
But justices on the high court, including Trump's own appointees, appeared skeptical of the administration's claim during oral arguments that the IEEPA gives a sitting president the authority to unilaterally impose tariffs, leaving open the question of what might happen if the high court rules against the president.
Trump, for his part, has described the matter as "life and death," and senior administration officials have warned for months of dire economic consequences if the high court were to undo the tariffs enacted by Trump, which have remained in place as the courts considered the case on its merits.
But the short answer, experts told Fox News Digital, is that not much would change immediately, and it would almost certainly involve more litigation.
Quote:
In the months since the high court reviewed the consolidated case, Learning Resources, Inc, and V.O.S. Selections, Inc. v. Trump, hundreds of businesses have filed new cases against the Trump administration over IEEPA, aimed at clawing back the higher import duties they've shouldered since his tariffs took force.
The U.S. collected more than $133 billion in IEEPA tariff duties as of mid-December, according to data published by the U.S. Customs and Border Protection agency last month.